Part of Leasehold and Freehold Reform Bill – in a Public Bill Committee am 3:30 pm ar 30 Ionawr 2024.
New clause 31—Review of the percentage of qualifying tenants required to participate in a claim to acquire the Right to Manage—
“The Secretary of State must before the end of the period of two years beginning with the day on which this Act is passed—
(a) review the effect of the participation limit contained in section 79(5) of the Commonhold and Leasehold Reform Act 2002, with particular consideration given to whether it represents an unjustified barrier to leaseholders exercising their rights under Chapter 1 of Part 2 of that Act, and
(b) report to Parliament, in whatever manner the Secretary of State thinks fit, with proposals for reform.”
This new clause would require the Secretary of State to consider, within two years of the Act coming into force, whether the current requirement that 50% of leaseholders must support an application for the Right to Manage should be lowered.